REG - Cerillion PLC - H1 2023 Trading Update

CerillionAnnouncement

17/04/2023 07:00

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RNS Number : 3071W  Cerillion PLC  17 April 2023

AIM: CER

 Cerillion plc

("Cerillion" or the "Company")

 

Half Year Trading Update

 

Record Six Months

 

Cerillion, the billing, charging and customer relationship management software
solutions provider, is pleased to announce an update on trading for the first
six months of its current financial year ending 30 September 2023.

 

Trading has been very strong, with the six-month period ended 31 March 2023
setting new records for both revenue and adjusted EBITDA. Revenue is expected
to be 27% higher year-on-year at approximately £20.5m (H1 2022: £16.1m) and
adjusted EBITDA is expected to be 38% higher at approximately £9.9m (H1 2022:
£7.2m). Net cash at 31 March 2023 is up by 43% to approximately £23.6m (31
March 2022: £16.5m), further underpinning the Company's strong balance sheet.

 

The excellent performance in the first half reflects strong demand from
customers, against a wider back-drop of continuing strength in demand for
telecoms services and substantial on-going investment in 5G and fibre rollout.

 

Cerillion's sales pipeline remains strong and this, together with the record
performance in the first half of the year, underpins the Board's confidence
that trading for the full year will be in line with consensus market
forecasts.

 

Notice of results

The Board intends to announce interim results for the six months to 31 March
2023 in mid-May 2023, when the Company will provide a further update on
current trading.

 

 Cerillion plc                                c/o KTZ Communications
 Louis Hall, CEO                              T: 020 3178 6378
 Andrew Dickson, CFO

 KTZ Communications                           T: 020 3178 6378
 Katie Tzouliadis, Robert Morton

 Liberum (Nomad and Broker)                   T: 020 3100 2000
 Bidhi Bhoma, Ben Cryer, William Hall

 Singer Capital Markets (Joint Broker)        T: 020 7496 3000
 Rick Thompson, George Tzimas, James Fischer

 

About Cerillion

www.cerillion.com

 

Cerillion is a leading provider of mission critical software for billing,
charging and customer relationship management ("CRM"), mainly serving the
telecommunications market but also other sectors such as utilities and
financial services. The Company currently has over 80 customer installations
across over 45 countries.

 

Headquartered in London, Cerillion also has operations in Pune, India, Sofia,
Bulgaria and Sydney, Australia.

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